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Word: interventionism (lookup in dictionary) (lookup stats)
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The debt binge was fueled by easy money and the belief that prices of assets - those of houses in particular - never went down; only interest rates did. That era is over. It will be replaced by what will be one of the more painful, and consequential, economic chapters in our...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

The one exception, though, is Uncle Sam. Even before the financial crisis forced the government's hand, the U.S. had again become addicted to deficit spending - relying on the kindness of strangers (in this case, mainly Chinese and Japanese central bankers) to finance its spendthrift ways. In September the Congressional...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

Members of the Cambridge Public School Committee raised concerns last night about the latest revisions to the district’s policies on drug, alcohol, and other substance abuse, which represent an ongoing effort to update and clarify student-focused protocols. The review began last term after the school district...

Author: By Michelle L. Quach, CRIMSON STAFF WRITER | Title: Alcohol Policy On Tap At Meeting | 10/22/2008 | See Source »

Today the debate about the legitimacy of government's role is largely ended. What argument remains focuses on the efficacy and fairness of various policy choices, not on the idea of intervention itself. Public opinion is far from unanimous about what should be done, but it is virtually unanimous that...

Author: /time Magazine | Title: A Historian on the Lessons of the Depression | 10/16/2008 | See Source »

But if the victims of extreme leftists who terrorized Italy during the 1970s and 1980s weren't outraged enough by Sarkozy's climb-down on Petrella, their fury was presumably further stoked at learning the back story of the move: Sarkozy's Italian-born wife, Carla Bruni, and her sister...

Author: /time Magazine | Title: Is Carla Bruni-Sarkozy Soft on Terror? | 10/16/2008 | See Source »

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